{"data":{"id":"us-mt/17-5-1644","jurisdiction":"us-mt","citation":"17-5-1644","heading":"Care and custody of bonds purchased by the board.","body":"The board may:\n(1) enter into agreements or contracts with a bank, trust company, or financial institution, inside or outside the state, as may be necessary, desirable, or convenient, in the opinion of the board, for rendering services in connection with:\n(a) the care, custody, or safekeeping of bonds or other investments held or owned by the board pursuant to this part;\n(b) the payment or collection of amounts payable as to principal or interest; and\n(c) the delivery to the board of bonds or other investments purchased by it or sold by it pursuant to this part;\n(2) pay the cost of those services; and\n(3) in connection with any of the services to be rendered by a bank, trust company, or financial institution as to the custody and safekeeping of its bonds or investments, require security in the form of collateral bonds, surety agreements, or security agreements in a form and amount as, in the opinion of the board, is necessary or desirable.","path":["TITLE 17. STATE FINANCE","CHAPTER 5. PUBLIC BOND ISSUES","Part 16. Municipal Finance Consolidation Act"],"source_url":"https://mca.legmt.gov/bills/mca/title_0170/chapter_0050/part_0160/section_0440/0170-0050-0160-0440.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:48:17Z","sha256":"21559cdd94931011172053cb21a643fe81067684a87015d1aae0dec2501637a7","source_id":"us-mt","stale":false,"prev":"us-mt/17-5-1643","next":"us-mt/17-5-1645"},"notice":"GroundRules: Original legal text. Not legal advice."}